Appointment of Representative of President and Governors in
Meetings
112. (1) The President of India or the Governor of a State, if he is a
member of a company, may appoint such person as he thinks fit to act as his
representative at any meeting of the company or at any meeting of any class of
members of the company.
(2) A person appointed to act under
sub-section (1) shall, for the purposes of this Act, be deemed to be a member
of such a company and shall be entitled to exercise the same rights and powers,
including the right to vote by proxy and postal ballot, as the President or, as
the case may be, the Governor could exercise as a member of the company.
Representation of
Corporations at Meeting of Companies and of Creditors.
113. (1) A body corporate, whether a company within the
meaning of this Act or not, may, —
(a) if it is a member of a company within
the meaning of this Act, by resolution of its Board of Directors or other
governing body, authorise such person as it thinks fit to act as its
representative at any meeting of the company, or at any meeting of any class of
members of the company;
Body Corporate Member Company
Appoint
Representative
*(b)
if it is a creditor, including a holder of debentures, of a company within the
meaning of this Act, by resolution of its directors or other governing body,
authorise such person as it thinks fit to act as its representative at any
meeting of any creditors of the company held in pursuance of this Act or of any
rules made thereunder, or in pursuance of the provisions contained in any
debenture or trust deed, as the case may be.
(2) A person authorised by resolution under
sub-section (1) shall be entitled to exercise the same rights and powers,
including the right to vote by proxy and by postal ballot, on behalf of the
body corporate which he represents as that body could exercise if it were an
individual member, creditor or holder of debentures of the company.
Representative Company
Same
rights and powers
Right to vote
by Proxy and Postal Ballot
DISCLAIMER: THE ARTICLE IS BASED ON
THE RELEVANT PROVISIONS AND AS PER THE INFORMATION EXISTING AT THE TIME OF THE
PREPARATION. IN NO EVENT I SHALL BE LIABLE FOR ANY DIRECT AND INDIRECT RESULT
FROM THIS ARTICLE. THIS IS ONLY A KNOWLEDGE SHARING INITIATIVE.
THE AUTHOR – CS
DEEPAK SETH (ASSOCIATE PARTNER HELPINGHANDS PROFESSIONALS LLP) AND CAN
BE REACHED AT CONTACTHHPRO@GMAIL.COM OR 9910248911.
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